2025-10-27T07:17:04-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 141260763 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY ASSO 8454461500 698 MILLS ROAD WEST POINT NY 10996 ROBERT SCHAFFER CFO 8454461500 2025-06-05 1 1 KERRI N BOGDA P00760402 7177404863 2025-10-23 2024 2025-03-06 01:10:19Z WEST POINT ASSOC OF GRADUATES MARK D BIEGER 698 MILLS ROAD WEST POINT NY 10996 501935282 0 X WWW.WESTPOINTAOG.ORG X 1869 NY FURTHERING THE IDEALS AND WELFARE OF THE USMA AND SUPPORTING AND SERVING ITS GRADUATES. 17 17 230 71 972567 680176 83347747 83780134 1620979 1925496 2692501 37866932 1819877 1309787 89481104 124882349 30123290 185067928 0 0 14658611 16333794 0 0 10819137 8374912 8464651 53156813 209866373 36324291 -84984024 718567287 784418553 16916346 132706288 701650941 651712265 X THE ASSOCIATION IS AN ORGANIZATION DEDICATED TO FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND SERVING ITS GRADUATES. 0 0 185216027 185067928 EDUCATIONAL PROGRAMS AND FACILITIES: THE ASSOCIATION OF GRADUATES SERVES AS THE FOUNDATION WHICH SECURES PHILANTHROPIC SUPPORT FROM INDIVIDUALS, FOUNDATIONS AND CORPORATIONS TO PROVIDE ADDITIONAL FUNDING SUPPORT TO THE U.S. MILITARY ACADEMY AT WEST POINT ("USMA") AND THE ARMY WEST POINT ATHLETIC ASSOCIATION BASED ON THE NEEDS ESTABLISHED BY USMA SUPERINTENDENT. INCLUDED IN THIS SUPPORT IS FUNDING FOR THE CONSTRUCTION OF FACILITIES AND ENHANCEMENTS TO SUPPORT USMA, A NATIONAL HISTORIC LANDMARK. THESE FUNDS ARE ALSO DIRECTED TOWARDS ACADEMIC PROGRAMS THAT ENRICH THE CADET EXPERIENCE WITH AN ARRAY OF DIVERSE OPPORTUNITIES TO AUGMENT THE CORE CURRICULUM. OVERALL FUNDING, PROVIDED FROM PRIVATE SOURCES, HELPS TO SECURE USMA'S POSITION AS ONE OF THE PREEMINENT COLLEGES IN THE COUNTRY. IN ADDITION, THE ASSOCIATION OF GRADUATES IS THE ALUMNI ASSOCIATION FOR WEST POINT GRADUATES, KNOWN THROUGHOUT HISTORY AS THE "LONG GRAY LINE." 5779900 3008422 ALUMNI SERVICES: THE ASSOCIATION OF GRADUATES IS THE ALUMNI ASSOCIATION FOR THE UNITED STATES MILITARY ACADEMY AT WEST POINT WHOSE GRADUATES ARE KNOWN THROUGHOUT HISTORY AS THE "LONG GRAY LINE." THE ASSOCIATION PROVIDES VARIOUS PROGRAMS, ACTIVITIES, AND SERVICES TO HELP GRADUATES STAY CONNECTED TO EACH OTHER AND THE UNITED STATES MILITARY ACADEMY (USMA). THESE INCLUDE SUPPORT TO OVER 80 GRADUATE CLASSES AND OVER 120 WEST POINT SOCIETIES LOCATED AROUND THE WORLD. AMONG THE SERVICES ARE THE PROVISION OF SOFTWARE PLATFORMS TO SUPPORT THE OPERATIONS OF CLASSES AND SOCIETIES, MEMORIAL SUPPORT FOR FUNERALS AT WEST POINT, GRADUATE EVENTS AND REUNIONS, 50-YEAR CLASS AFFILIATION EVENTS, PROGRAMS TO WELCOME GRADUATES VISITING WEST POINT, GRADUATE INSIDER TOURS AND TRAVEL PROGRAMS, SMART PHONE APPLICATIONS TO FACILITATE GRADUATE CONNECTIONS, CAREER AND TRANSITION SERVICES AND SUICIDE PREVENTION AWARENESS. THE ASSOCIATION ALSO MAINTAINS DETAILED BIOGRAPHICAL AND HISTORICAL RECORDS ON GRADUATES OF USMA, AND IT OPERATES A GIFT SHOP. 1868795 138852 COMMUNICATIONS: DISSEMINATES INFORMATION ON THE CURRENT AND HISTORICAL ACTIVITIES, OBJECTIVES, AND METHODS OF THE UNITED STATES MILITARY ACADEMY TO GRADUATES AND OTHERS THROUGH VARIOUS PUBLICATIONS AND MEDIA TO ENHANCE THE IMAGE OF THE UNITED STATES MILITARY ACADEMY. THIS INCLUDES THE PUBLICATION OF "TAPS", AND THE ASSOCIATION'S QUARTERLY "WEST POINT MAGAZINE" PROVIDED TO OVER 55,000 GRADUATES FREE OF CHARGE, OVER 2,700 SOCIAL MEDIA UPDATES REACHING 96,000 INDIVIDUALS AS WELL AS REGULAR COMMUNICATIONS BY EMAIL. 192864722 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 52 0 230 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR AZ CA CO CT DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MN MO MS NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WI WV WY WA X X ROBERT SCHAFFER CFO 8454461500 698 MILLS ROAD WEST POINT NY 10996 ROBERT A MCDONALD CHAIRMAN 12.00 0.00 X X 0 0 0 HERMAN E BULLS VICE CHAIRMAN 12.00 0.00 X X 0 0 0 MARK W HOUSE DIRECTOR 7.00 0.00 X 0 0 0 CURTIS HARRIS DIRECTOR 7.00 0.00 X 0 0 0 THOMAS E AYRES DIRECTOR 7.00 0.00 X 0 0 0 KEN HUNZEKER DIRECTOR 7.00 0.00 X 0 0 0 MIKE FISHER DIRECTOR 7.00 0.00 X 0 0 0 BRANDI B PEASLEY DIRECTOR 7.00 0.00 X 0 0 0 DANA J H PITTARD DIRECTOR 7.00 0.00 X 0 0 0 SCOTT M SAUER DIRECTOR 7.00 0.00 X 0 0 0 CHARLES C CORRELL DIRECTOR 7.00 0.00 X 0 0 0 ERICA JEFFRIES PURDO DIRECTOR 7.00 0.00 X 0 0 0 KEIRN C BROWN DIRECTOR 7.00 0.00 X 0 0 0 GUY C SWAN DIRECTOR 7.00 0.00 X 0 0 0 JAMES A GATES DIRECTOR 7.00 0.00 X 0 0 0 LEOPOLD A QUINTAS DIRECTOR 7.00 0.00 X 0 0 0 PETER CAREY DIRECTOR 7.00 0.00 X 0 0 0 MARK D BIEGER PRESIDENT/CEO 40.00 0.00 X 348909 0 8224 PATRICK O ORTLAND VICE PRESIDENT & COO 40.00 0.00 X 238694 0 21790 ROBERT SCHAFFER VICE PRESIDENT & CFO 40.00 0.00 X 215006 0 49062 KRISTIN SORENSON VICE PRESIDENT OF DEVELOPMENT 40.00 0.00 X 324345 0 30441 TERENCE SINKFIELD VICE PRESIDENT, ALUMNI SUPPORT 40.00 0.00 X 184805 0 26780 JAYE DONALDSON VP, COMM. & MARKETING (UNTIL 10/1/24) 40.00 0.00 X 226540 0 20881 MICHAEL WHITE SR DIR. MAJOR & LEADERSHIP GIVING 40.00 0.00 X 179308 0 34883 RICHARD FRENCH VICE PRESIDENT OF IT 40.00 0.00 X 172678 0 12742 JESSICA KUHLMAN SR.DIR DONOR STRATEGY & ANALYTICS 40.00 0.00 X 167843 0 42185 SAMANTHA SOPER SR.DIR DONOR RELATIONS & ADV SVCS 40.00 0.00 X 167595 0 42776 2225723 0 289764 35 0 1 0 TURNER CONSTRUCTION COMPANY 66 HUDSON BOULEVARD EAST - 35TH FLO NEW YORK NY 10001 CONSTRUCTION 34281943 AMERICAN MONUMENT CO 479 NORTH DEAN ST ENGLEWOOD NJ 07631 CONSTRUCTION 1322649 EWING COLE 100 NORTH 6TH STREET PHILADELPHIA PA 19106 CONSTRUCTION 1130509 ANDRON CONSTRUCTION CORP 21 ANDERSON LANE GOLDENS BRIDGE NY 10526 CONSTRUCTION 1083326 MERCER ALLIED COMPANY LP PO BOX 15073 ALBANY NY 12212 ENGINEERING 1000000 30 83780134 9966612 83780134 ALUMNI SERVICES 561520 844360 738250 106110 ALUMNI EVENTS 900099 556747 556747 SPONSORSHIPS 900099 247000 247000 PUBLICATION SALES 513190 138852 40072 98780 CREDIT CARD PROCESSING & OTHER 900099 138537 138537 1925496 12021271 767677 11253594 714564 714564 221885 848440 -626555 -626555 -626555 400535516 374689855 25845661 25845661 25845661 2736416 1514638 1221778 1221778 124882349 2942384 972567 37187264 184304714 184304714 713423 713423 49791 49791 1482786 221742 584627 676417 11996538 4133772 1922177 5940589 656086 177116 121382 357588 1113560 369647 139692 604221 1084824 369106 207400 508318 22536 4053 17898 585 78120 78120 667731 667731 644580 185872 224211 234497 75781 72189 2880 712 1833491 912508 112440 808543 1518072 209181 1008478 300413 89888 39222 50666 221502 144656 48465 28381 142788 14267 103168 25353 591550 26181 531550 33819 174572 6944 167628 EVENTS AND HOSPITALITY 1603352 714282 198283 690787 DONOR CULTIVATION 289074 289074 DONOR RECOGNITION 225790 225790 PUBLICATIONS 147831 147831 137993 48225 46384 43384 209866373 192864722 6182514 10819137 8566077 13741245 46584915 50831679 236637 190988 684870 740168 77025 132932 19942491 11818304 6952494 8124187 467778601 490557324 145834021 175017081 408333 41852647 44674616 718567287 784418553 4026139 3297685 2473914 118760444 3141277 3051717 7275016 7596442 16916346 132706288 X 71614859 79493427 630036082 572218838 701650941 651712265 718567287 784418553 X -84984024 33986583 1058765 X 0 1 X 1 0 X 43916800 95240869 60812184 83347747 83780134 367097734 43916800 95240869 60812184 83347747 83780134 367097734 52179487 314918247 12300776 10699346 6544630 8922487 12190043 50657282 261716 695592 755135 1712443 419467459 17806466 0.75080 0.75050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 420451520 23649257 45345287 13100268 -4448984 480794780 367827419 16165726 45513573 8383256 671942 420451520 411435155 12195295 -57363535 7806969 -9367473 367827419 339628445 18800315 54067563 5527773 -4466605 411435155 304272739 6272697 30036865 5502909 -4549053 339628445 0.05050 0.65160 0.29790 0 0 545114 545114 4308364 11434343 8549625 7193082 1406413 1201414 204999 2248257 2067265 180992 8124187 REAL ESTATE INVESTMENT TRUST 28249 F OTHER INVESTMENTS 35623275 F LIMITED PARTNERSHIPS 139365557 F 175017081 SPLIT INTEREST TRUSTS 44449616 OTHER ASSETS 225000 44674616 DEFERRED COMPENSATION 774901 REMAINDER TRUSTS 3897418 DUE TO CLASSES 2924123 7596442 X 159796602 33986583 -667731 33318852 126477750 -1595401 -1595401 124882349 211561720 2363078 2363078 209198642 667731 667731 209866373 PART V, LINE 4: THE ENDOWMENTS ARE USED IN FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND ITS GRADUATES. PART X, LINE 2: THE ASSOCIATION BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX EXPENSES OR BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS -667,731. PART XI, LINE 4B - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD -1,514,638. UBI FROM PARTNERSHIP INVESTMENTS 767,677. RENTAL EXPENSES -848,440. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,514,638. RENTAL EXPENSES 848,440. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS 667,731. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 74436010 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 1513239 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SCHOLARSHIPS 49791 0 0 0 0 0 0 75999040 0 75999040 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 49791 EFT/WIRE XFER/CHECK 0 N/A CASH 1 0 1 0 1 0 PART I, LINE 2: THE ASSOCIATION PROVIDES CERTAIN GRANTS TO CAPTAINS AND MAJORS IN THE ARMY FOR ADVANCED EDUCATION, LANGUAGE, AND CULTURAL IMMERSION NECESSARY FOR UNDERSTANDING AND COMBATING INTERNATIONAL TERRORISM, WHICH IS ONE OF THE CENTERS OF EXCELLENCE AT THE UNITED STATES MILITARY ACADEMY WHERE CADETS RECEIVE TRAINING. PAYMENTS ARE MADE DIRECTLY TO THE SCHOOLS. PROPER USE OF FUNDS IS MONITORED VIA THE STUDENTS' COMPLETION OF THE GRADUATE PROGRAMS. SCHEDULE F, PART IV, LINES 3: THE INVESTMENTS DID NOT MEET THE THRESHOLDS FOR FILING FORM 5471. 1 UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 155349445 8000 COST ART CADET FACLITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 254694 2789 COST MISC USMA MISC UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 11634021 0 CADET ACTIVITES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 24000 COST MISC MEMORIAL PROJECTS UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 118402 25000 COMPARABLE ART MEMORIAL PROJECTS UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 8142435 245379 COST TRAVEL/ENT AND MISC CADET EDUCATION ARMY WEST POINT ATHLETIC ASSOCIATION INC 639 HOWARD ROAD WEST POINT NY 10996 474457035 501(C)(3) 8500549 0 CADET ACTIVITES 2 0 SCHOLARSHIPS 77 713423 0 CASH N/A PART I, LINE 2: THE ASSOCIATION PROVIDES GRANTS TO THE UNITED STATES MILITARY ACADEMY ("USMA"). SINCE THE USMA IS A FEDERAL GOVERNMENT INSTITUTION, THE ASSOCIATION RELIES ON USMA TO MONITOR THE USE OF THESE GRANT FUNDS. CERTAIN SCHOLARSHIPS (PRIMARILY TO PREP SCHOOLS) ARE PROVIDED TO CAREFULLY SELECTED AND HIGHLY MOTIVATED YOUNG PEOPLE SEEKING ADMISSION TO USMA. STUDENTS MUST HAVE ALL QUALIFICATIONS DETERMINED BY THE ADMISSIONS COMMITTEE TO BE CONSIDERED FOR A SCHOLARSHIP. STUDENTS WHO ACCEPT THESE SCHOLARSHIPS MUST PERFORM TO USMA-SET STANDARDS DURING THE SCHOLARSHIP PERIOD TO BE ACCEPTED AT USMA AT THE END OF THE SCHOLARSHIP PERIOD. OTHER COLLEGE SCHOLARSHIPS ARE ISSUED TO THE CHILDREN OF DECEASED WEST POINT GRADS WHO HAVE LOST THEIR LIVES IN THE LINE OF DUTY. FURTHER, OTHER GRANTS ARE AWARDED TO CAPTAINS AND MAJORS IN THE REGULAR ARMY FOR ADVANCED EDUCATION, LANGUAGE SKILLS, AND CULTURAL IMMERSION NECESSARY FOR UNDERSTANDING AND COMBATING INTERNATIONAL TERRORISM, WHICH IS ONE OF THE CENTERS OF EXCELLENCE AT THE UNITED STATES MILITARY ACADEMY WHERE CADETS RECEIVE TRAINING. X 1 1 X X X 1 0 0 0 0 0 0 1 0 MARK D BIEGER PRESIDENT/CEO 309209 0 39700 0 0 0 7154 0 1070 0 357133 0 0 0 KRISTIN SORENSON VICE PRESIDENT OF DEVELOPMENT 294345 0 30000 0 0 0 12096 0 18345 0 354786 0 0 0 ROBERT SCHAFFER VICE PRESIDENT & CFO 201006 0 14000 0 0 0 16586 0 32476 0 264068 0 0 0 PATRICK O ORTLAND VICE PRESIDENT & COO 223694 0 15000 0 0 0 16765 0 5025 0 260484 0 0 0 JAYE DONALDSON VP, COMM. & MARKETING (UNTIL 10/1/24 158207 0 3000 0 65333 0 11764 0 9117 0 247421 0 0 0 MICHAEL WHITE SR DIR. MAJOR & LEADERSHIP GIVING 170688 0 8620 0 0 0 13860 0 21023 0 214191 0 0 0 TERENCE SINKFIELD VICE PRESIDENT, ALUMNI SUPPORT 168805 0 16000 0 0 0 5769 0 21011 0 211585 0 0 0 SAMANTHA SOPER SR.DIR DONOR RELATIONS & ADV SVCS 159595 0 8000 0 0 0 13086 0 29690 0 210371 0 0 0 JESSICA KUHLMAN SR.DIR DONOR STRATEGY & ANALYTICS 159193 0 8650 0 0 0 13000 0 29185 0 210028 0 0 0 RICHARD FRENCH VICE PRESIDENT OF IT 162678 0 10000 0 0 0 12294 0 448 0 185420 0 0 0 PART I, LINE 1A MARK BIEGER'S WIFE OCCASIONALLY ACCOMPANIES HIM ON CERTAIN BUSINESS TRIPS IN ACCORDANCE WITH THE ORGANIZATION'S TRAVEL POLICY. PART I, LINE 4A JAYE DONALDSON, VP OF COMMUNICATION & MARKETING, RECEIVED SEVERANCE OF $65,333 IN 2024. PART I, LINE 7 THE BOARD HAS THE AUTHORITY TO AWARD THE EXECUTIVE OFFICER WITH A BONUS WHICH IS DEPENDENT UPON HIS PERFORMANCE AND NOT THE FINANCIAL PERFORMANCE OF WPAOG. THE AMOUNT OF THE BONUS TO BE AWARDED IS DECIDED BY THE BOARD, ALTHOUGH THE AMOUNT CANNOT BE ABOVE A SPECIFIC THRESHOLD. THE EXECUTIVE OFFICER AWARDS BONUSES TO THE OTHER OFFICERS AND EMPLOYEES BASED UPON CONTRACTUAL AGREEMENTS AND MERIT. X 2 33000 COMPARABLE X 107 9660343 NYSE VALUE X TRAVEL & ENT. 16 234367 COST X VARIOUS MISC. ITEMS 4 24800 COST X TRAINING ITEMS 2 14102 COST 0 1 1 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF DONORS. PART I, LINE 32B: WPAOG USES A THIRD PARTY TO LIQUIDATE CRYPTOCURRENCY AND OTHER NONCASH CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 6 ALL LIVING GRADUATES OF THE UNITED STATES MILITARY ACADEMY IN GOOD STANDING QUALIFY AS MEMBERS OF THE ASSOCIATION. THE MEMBERSHIP BODY PRESENTLY APPROXIMATES 57,000 IN NUMBER. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS NOMINATE AND ELECT THE CHAIRMAN, VICE-CHAIRMAN AND THE DIRECTORS OF THE BOARD, ALL OF WHOM CONSTITUTE THE BOARD OF DIRECTORS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B APPROPRIATIONS FROM THE CORPUS OF THE ENDOWMENT REQUIRE APPROVAL OF THE MEMBERSHIP. MEMBERS ALSO VOTE TO RATIFY BY-LAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING STAFF PREPARES THE INITIAL SCHEDULES TO BE USED BY THE OUTSIDE CPA FIRM FOR PREPARATION OF THE RETURN. THE DRAFTS ARE THEN REVIEWED BY THE ACCOUNTING STAFF AND THE CFO BEFORE A "FINAL" DRAFT IS SENT TO THE AUDIT & COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE HOLDS A SEPARATE MEETING WITH THE CPA FIRM AND THE CFO TO REVIEW THE ENTIRE DOCUMENT. ONCE REVIEWED AND APPROVED, THE FORM 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS. SUBSEQUENTLY, THE AUDIT COMMITTEE REPORTS THE REVIEW PROCESS TO THE FULL BOARD, NOTING ITS AGREEMENT WITH THE DOCUMENT, AND ASKS IF THERE ARE ANY QUESTIONS PERTAINING TO THE DOCUMENT THAT WAS DISTRIBUTED TO EACH PERSON. FORM 990 IS FILED WITH THE IRS AFTER THIS PROCESS HAS TAKEN PLACE. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A WRITTEN CONFLICT OF INTEREST POLICY APPLICABLE TO ALL BOARD MEMBERS, VOLUNTEERS AND STAFF. THE POLICY DOCUMENTATION IS DISTRIBUTED ANNUALLY TO EACH PERSON, INCLUDING NEW HIRES. INDIVIDUALS ARE REQUIRED TO RETURN AN ACKNOWLEDGEMENT OF THEIR ACCEPTANCE AND ADHERENCE PROMPTLY TO THE SECRETARY OF THE ORGANIZATION. SITUATIONS INVOLVING ANY POSSIBILITY OF CONFLICT ARE REVIEWED BY THE ETHICS COMMITTEE TO ENSURE THAT ANY RELATED ISSUES ARE PROPERLY DEALT WITH. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM PARTICIPATING IN DISCUSSIONS BY THE ETHICS COMMITTEE AND BOARD OF DIRECTORS REGARDING THE MATTER, AS WELL AS FROM ANY RELATED VOTE. FORM 990, PART VI, SECTION B, LINE 15 IN 2024, WEST POINT ASSOCIATION OF GRADUATES ("WPAOG") ENGAGED AN OUTSIDE HUMAN RESOURCE CONSULTANT TO PERFORM A COMPENSATION STUDY TO REVIEW AND ASSESS THE ORGANIZATION'S SALARY STRUCTURE FROM THE OFFICER LEVEL DOWN TO THE STAFF LEVEL TO DETERMINE APPROPRIATENESS RELATIVE TO THE SPECIFIC MARKET. SENIOR MANAGEMENT CONSIDERS BOTH THE EFFECTS OF INFLATION AND MERIT IN DETERMINING SALARY ADJUSTMENTS. THE COMPENSATION COMMITTEE ALSO REVIEWS THESE SALARIES ANNUALLY TO ENSURE THAT THEY ARE REASONABLE AND IN-LINE WITH THE RELATED MARKET. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT BOARD MEMBERS. THE COMPENSATION COMMITTEE THEN MEETS WITH THE BOARD IN AN EXECUTIVE SESSION, AND THEIR DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 WPAOG'S FINANCIAL STATEMENTS (ANNUAL AUDIT REPORT) AND BYLAWS ARE AVAILABLE ON OUR WEBSITE FOR PUBLIC VIEWING, AND OUR CONFLICT OF INTEREST POLICY IS POSTED TO THE INTERNAL SECTION FOR EMPLOYEES ONLY. THE CONFLICT OF INTEREST POLICY WOULD BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PROVISION FOR UNCOLLECTIBLE PLEDGES 1,826,442. UBI FROM PARTNERSHIP INVESTMENTS -767,677. LGL REAL ESTATE FOUNDATION LLC 698 MILLS ROAD WEST POINT NY 10996 134265639 REAL ESTATE HOLDING DE 221885 5431231 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY WEST POINT ATHLETICS LLC 698 MILLS ROAD WEST POINT NY 10996 320434673 PROGRAM DESIGN & DEVELOPMENT NY 30518 779388 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY WPAOG-HVP LLC 698 MILLS ROAD WEST POINT NY 10996 881599703 YOUTH PROGRAMS NY 195000 72250 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY